Create individual offers to settle debt at the account level and collect agreements on your customer’s terms.
PaymentVision offers the perfect product for online settlement campaigns. Create individual offers at the account level, collect agreements via our PayWeb360 product and send out Reg F and Reg E compliant notices via email and SMS.
Settlement Offers, the payment processing solution for leading creditors and collections companies, offers flexible settlement options: lump sum, payoff plan, or payoff plan with a down payment. It provides creditor-level disclosures, electronic signatures, upfront payment info, and automatic schedules. Customers can manage settlements and opt-in for notifications, inside or outside the system, making it a convenient and transparent solution for all parties involved.
Settlement Offers provide customers with an additional incentive to pay by reducing the total payment amount in exchange for a payment agreement. As a recovery tool, it is much more powerful than a promise-to-pay, because you are collecting payment information upfront and processing the payment(s) on an automated schedule. They are especially useful during tax season when a customer’s ability to pay may have increased as a result of a refund.